Industrial, Commercial & Investment

Avison Young has signed an agreement to combine its operations with Devencore’s operations in Montreal, creating one of the largest commercial real estate firms in the region.

“If you’re looking to invest in real estate, where do you go?” This was the question Paul Poliszot, CEO and broker of record at REXIG Realty Investment Group in Oakville, Ont. asked some of his small investor clients. He was astonished by their answer.

The pandemic has taught us the importance of contingency planning and watching financials closely – or get used to being stressed out every time the bills are due.

Myles Strilchuk has joined Avison Young in Edmonton as a principal. Strilchuk joins the office’s mortgage services division and will focus on all asset classes across Western Canada, including commercial, industrial and retail.

NYX Capital has named Eileen Foroglou as chief financial officer. Joining the leadership team, she is responsible for corporate finance, treasury, accounting, financial reporting, financing, risk management and control systems.

Investor X is looking into buying a fully rented two-unit property generating $65,500/year, for $1,100,000. Which real estate investment would you be more confident to invest in?

Avison Young recently added to its Real Estate Valuation & Advisory team in Edmonton, adding Ryan Miller, Joel Andresen and Nancy Brown.

Canadian commercial real estate association REALPAC announced an industry initiative to provide governments and health networks with the free use of vacant commercial space for use as vaccination sites.

Avison Young has added real estate and infrastructure consulting to its professional services offerings led by Scott Pickles, who joins from another professional services firm.

Property management firm FirstService Residential has appointed Stacey S. Kurck as vice president, client engagement and business development for its Ontario market.